Nicholas Barr: Economics

Nicholas Barr is British economist. Explore interesting quotes on economics.

Nicholas Barr: 46 quotes0 likes

“A reduction in the liberty of the least well off cannot be justified even if it is to their economic advantage.”

Source: Economics Of The Welfare State (Fourth Edition), Chapter 3, Political Theory: Social Justice And The State, p. 49

“Perfect competition must hold in product and factor markets, and also (and importantly) in capital markets. The assumption has two essential features: economic agents must be price takers; and they must have equal power.”

Source: Economics Of The Welfare State (Fourth Edition), Chapter 4, State Intervention, p. 73

“It is the welfare state that has made capitalism, with all its attendant benefits of economic growth, politically feasible…”

Source: Economics Of The Welfare State (Fourth Edition), Chapter 15, Conclusion, p. 359

“First, the welfare state is not a subject apart, but fits naturally into the framework of economic analysis. Secondly, the theoretical arguments support the existence of the welfare state not only for well known equity reasons but also - and powerfully - in efficiency terms.”

Source: Economics Of The Welfare State (Fourth Edition), Chapter 1, Introduction, p. 3